International Flavors & Fragrances (NYSE:IFF) Given New $88.00 Price Target at Barclays

International Flavors & Fragrances (NYSE:IFF) had its price objective lowered by equities research analysts at Barclays from $90.00 to $88.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price objective points to a potential upside of 3.69% from the stock’s previous close.

IFF has been the subject of a number of other research reports. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Citigroup lowered their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Finally, Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $109.23.

International Flavors & Fragrances Stock Up 0.5 %

Shares of NYSE:IFF opened at $84.87 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $86.80 and a 200 day simple moving average of $95.53. The firm has a market cap of $21.70 billion, a PE ratio of -9.34, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently bought and sold shares of IFF. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances in the third quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $42,000. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.